EUR/NZD 1H Chart: Triple Bottom

Source: Dukascopy Bank SA
© Dukascopy Bank SA
The Euro lost circa 600 pips versus the New Zealand Dollar during eight trading days ended June 12. Later on this dive became a part of the 251-bar long triple bottom pattern.
At the moment, EUR/NZD is struggling at the 50-hour SMA at 1.5620; however, this resistance is not the only hindrance for a climb to the neck-line at 1.5689. The pair is likely to face downside pressure at 1.5634/46 (four-hour R1, R2), 1.5656/8 (daily R1; for-hour R3) and 1.5681 (daily R2). Meanwhile, traders believe the pair is capable of overcoming at least some of these obstacles – almost two thirds of them hold a bullish view.
© Dukascopy Bank SA
Back to articles

Actual Topics

Fri, 20 Jun 2014 06:27:04 GMT

CAD/JPY 1H Chart: Triangle

Despite the fact CAD/JPY broke the upper limit of the 76-bar long triangle pattern a day earlier, the question whether the breakout was real remains in place as after a short-lived rally to a two-month high of 94.27 the pair reversed its trend and started to move towards the pattern's upper trend-line. CAD/JPY is now trading slightly above the pattern's

Fri, 20 Jun 2014 06:26:20 GMT

EUR/TRY 1H Chart: Channel Up

Having bounced off a six-month low of 2.8135 in mid-June, the Euro commenced appreciation against the Turkish Lira. The climb has been developing inside a bullish formation-channel up pattern that now is almost 160-bar long. The currency couple is trading not far away from a one-month high of 2.9228; however, now seems to be a hard time for any further advancement

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.